A U.S. court has mandated that FTX pay $12.7 billion to customers who lost their funds during the exchange's collapse in 2022. This amount includes $8.7 billion in restitution and an additional $4 billion for further compensation as part of FTX's efforts to reimburse affected individuals.
Today, September 29, marks a crucial deadline for FTX customers to submit their claims via the FTX Claims Portal. Customers must verify their identities by the end of the day, although the review and approval of these claims will continue afterward.
Regarding FTX's token ($FTT), its price has surged by 81.85%, reaching approximately $2.53. The relative strength index (RSI) is currently in the 78-79 range, indicating that the token is overbought and might experience a pullback soon. Nevertheless, there has been significant trading activity, with 39.16 million FTT exchanged in the past 24 hours, suggesting traders are responding to the recent developments regarding claims and legal matters. If you're considering holding or trading FTT, it's important to monitor the situation closely.
